The
crisis consists precisely in the fact that the old is dying and the
new cannot be born; in this interregnum a great variety of morbid
symptoms appear. (Antonio Gramsci)
by
Jayati Ghosh
Part
9 - International Framework
These are
general points and obviously leave much to the specific contexts of
individual countries and societies. But finally, we need an
international economic framework that supports all this, which means
more than just that capital flows must be controlled and regulated so
that they do not destabilise these strategies.
The global
institutions that form the organising framework for international
trade, investment and production decisions need to change and become
not only more democratic in structure but more genuinely democratic
and people-oriented in spirit, intent and functioning. This is
particularly the case with respect to the dissemination of knowledge,
now privatised and concentrated thanks to the privileging of
intellectual property rights. Financing for development and
conservation of global resources must become the top priorities of
the global economic institutions.
These
proposals may seem like a tall order, but human history is replete
with stories of major reversals of past trajectories and
transformations that come when they are not expected and from
directions that are unpredictable. What has been created and
implemented by human agency can also be undone to bring in better
alternatives. It may well be that the time is ripe in terms of
greater social acceptance of such ideas and thoughts about how to
refine and adapt them to particular contexts.
***
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